Polygon


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Web3 Games Funding Stabilizing at $1B in 2024

Web3 gaming is not seeing the $4 billion fundraising highs of 2022 to 2023, but data from Game 7 DAO shows that the sector has stabilized around $1 billion as it matures. Telegram is a new standout platform for game building. Plus, many are leaving Polygon for Immutable and Arbitrum. Check out 2024 Web3 game trends with CoinDesk Anchor Christine Lee on "Chart of the Day."

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Why Polymarket Fails to Raise Polygon POL Price

Polymarket has only brought in about $27,000 worth of transaction fees for Polygon Proof of Stake in 2024, according to data tracked by Token Terminal. Why does the popular predictions market fail to boost Polygon's token price despite its soaring popularity? CoinDesk's Christine Lee breaks it down on the "Chart of the Day."

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A Close Look at Polygon’s Deal With Draftkings

Blockchain data shows that Polygon quietly gave DraftKings preferential treatment while telling the public that it was an equal member of the validator community. CoinDesk's Managing Editor for Data and Tokens Danny Nelson discusses the key findings and the outlook for the Polygon ecosystem.

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X Faces New Competition From Suku on Crypto Payment Adoption Plans

Web3 wallet Suku recently teamed up with Polygon to release a free open-edition NFT collection. Within the 48-hour mint period, users minted over 50,000 NFTs directly on X, formerly known as Twitter. Lucas Henning, Suku’s Chief Technology Officer and co-founder, joins "The Hash" to discuss the partnership with Polygon and the future of transactions over social media platforms.

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Robinhood Lays Off 7% of Full-Time Staff in Third Round of Job Cuts Since April 2022: WSJ

Robinhood (HOOD) has shed 7% of its full-time staff, or about 150 employees, in a third round of layoffs since April 2022, according to The Wall Street Journal. This comes as the trading platform delists Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that the SEC named as securities in its recent lawsuits against Binance and Coinbase. "The Hash" discusses Robinhood's recent business decisions.

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Robinhood Ending Support for Tokens Named in SEC Lawsuit as Securities

Robinhood (HOOD), the popular trading platform, is ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), three tokens that the SEC named securities in its recent lawsuits against Binance and Coinbase. OANDA Senior Market Analyst of The Americas Edward Moya discusses what Robinhood's delisting of these tokens could mean for bitcoin (BTC).

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Bitcoin Could Reach $40K By End of Year: Analyst

Edward Moya, OANDA Senior Market Analyst of The Americas, discusses why he thinks bitcoin (BTC) could end the year around the $40,000 level, citing the recent macroeconomic backdrop and the recent flurry of spot bitcoin ETF filings in the U.S. Plus, Moya addresses the possible market reaction to Robinhood ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).

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Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities

Robinhood (HOOD), the popular trading platform, will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that were named as securities in recent SEC lawsuits against Binance and Coinbase. Separately, Binance.US says it's transitioning to an all-crypto exchange as of June 13, citing pressures from the SEC. The Hash" panel discusses how the crypto industry is impacted by the regulator's recent actions.

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Active Addresses on Blockchain Hit All-Time High: A16z Data

According to a16z crypto's State of Crypto Index, active addresses across various blockchains hit an all-time high for the second month in a row in May. The venture fund notes 19.47 million active addresses across blockchains including Ethereum, Polygon, Solana, Optimism, and more. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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